Saturday, March 7, 2009

LG to enter U.S. netbook market this summer

Forbes is reporting that Korean manufacturer, LG Electronics, is gearing up to bring their netbook product lineup to the U.S. this summer. The company entered the netbook market late last year with the introduction of the X110 netbook. Since then, the netbook has made its way to most major markets around the world except for the U.S. In addition, LG introduced a follow-up model last month at the Mobile World Congress called the X120.

According to LG president and chief executive, Skott Ahn, the X110 will be coming to the U.S. before July at a price point of around $400 dollars.

What makes LG’s entrance into the U.S. netbook market particularly interesting is their existing strong presence in the mobile phone market. It’s not hard to imagine LG branded netbooks being offered at a subsidized price along with a new mobile broadband account from mobile carriers such as Verizon Wireless and AT&T. This could easily become a lucrative revenue stream for LG – alongside their strong mobile phone product line.

[Check it out via PC World]

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